Archer Daniels Midland Company, Decatur, Ill., and Dow Chemical Company, Midland, Mich., announce an agreement in which ADM will acquire the interest of Union Carbide Corporation (UCC) in World Ethanol. (Marketing News).Archer Daniels Midland The Archer Daniels Midland Company (NYSE: ADM), is a conglomeration based in Decatur, Illinois. ADMoperates more than 270 plants worldwide, where cereal grains and oilseeds are processed into numerous products used in food, beverage, nutraceutical, industrial and animal feed Company, Decatur, Ill., and Dow Chemical Company The Dow Chemical Company (NYSE: DOW TYO: 4850 ) is an American multinational corporation headquartered in Midland, Michigan. Overview The Dow Chemical Company is currently the second largest chemical manufacturer in the World (after BASF)[1]. , Midland, Mich., announce an agreement in which ADM will acquire the interest of Union Carbide Corporation (UCC) in World Ethanol. UCC is a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Dow, and this agreement ends a joint venture between the two that began in 1983. |
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